Welcome to the All-In-One Comparison: Everything You Need to Know.
Table of content
- Welcome to the All-In-One Comparison: Everything You Need to Know.
- Frequently Asked Questions (FAQs)
- 1. Which platform between eToro and FP Markets is more user-friendly?
- 2. Does eToro offer better security than FP Markets?
- 3. How do the costs compare between eToro and FP Markets?
- 4. Which platform, eToro or FP Markets, provides better customer support?
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
Our epic showdown between eToro vs FP Markets, where sparks will fly and keyboards will clash! We’re here to pit these giants against each other in an ultra-detailed, 250 data points comparison.
Key Takeaways
| →eToro and FP Markets each offer unique features, with the decision depending on personal preferences and trading needs. |
| →Both platforms take security seriously, but the specifics may vary, making it crucial to review their policies before deciding. |
| →The cost structure of both eToro and FP Markets differs, requiring a close review to align with your budget and strategy. |
Quick Tips
- ✔Always compare trading platforms based on your individual trading style and needs.
- ✔Consider the cost structure in relation to your trading volume and the types of trades you typically execute.
- ✔Check the security measures in place to protect your data and funds.
- ✔Review the customer support channels and their availability to ensure you can get help when needed.
Alright, so how do we get down to the nitty-gritty? How do we judge these titans? Well, we’ve carefully crafted a meticulous system to ensure we bring you nothing but the finest, most unbiased ratings possible. 🧐🔍
Our well-oiled machine comprises of four core factors. Firstly, we have trading at 30% because, let’s face it, what’s a trading platform without top-notch trading tools?
Next, we’ve got cost, also holding a solid 30% stake. It’s all about more bang for your buck, right? We’ve all heard of the saying, “Money makes the world go round,” but we prefer “low cost makes the traders stick around.” 🌍💸
On the home stretch, we have security at a crucial 25%. After all, a platform without sturdy security is like a castle with its drawbridge permanently down – not very practical, is it? 🏰🛡
And last but certainly not least, we have support at a strategic 15%. Because when the chips are down, who do you call?📞
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
Our Total Score:
Industry Average Ratings and Reviews:
Platform Security:
Cost of trading:
Trade Interface expirance:
Platform Resources:
🏢Company Background:
| Data | eToro | FP Markets |
|---|---|---|
| Regulatory Compliance? | Yes | Yes |
| Publicly traded company? | No | No |
| Does it offer banking services? | No | No |
| Year Founded | 2007 | 2005 |
| Country headquarters | Israel | Australia |
| Website Language Options | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | en, ar, de, es, fr, po, ru, viet, mal, it |
| Separate Client Funds? | Yes | Yes |
| Non-ESMA Branches Available? | Yes | No |
| EU Clients Accepted? | Yes | Yes |
| US Clients Accepted? | Yes | No |
| Canadian Clients Accepted? | No | No |
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Type of assets offered:
| Data | eToro | FP Markets |
|---|---|---|
| Forex (e.g. USDJPY or EURGBP) | Yes | Yes |
| Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | Yes |
| Funds Van(ARK invest or BlackRock Equity Dividend) | Yes | No |
| CFDs (Google Share in CFD form) | Yes | Yes |
| Cryptos (BTC or ETH) | Yes | Yes |
| Stocks and ETFs (TESL or AAPL) | Yes | Yes |
| Commodities (Gold or Silver market) | Yes | Yes |
| Beginner-friendly (demo-account access) | Yes | Yes |
| Advanced /pro (High-frequency trading, algorithmic trading) | No | Yes, MT4/MT5 for Algo trading |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | eToro | FP Markets |
|---|---|---|
| FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | (Body replaced by(FCA) in 2013) |
| FCA (Financial Conduct Authority) | yes | No |
| MAS (Monetary Authority of Singapore) | No | No |
| FINMA (Swiss Financial Market Supervisory Authority) | No | No |
| CFTC (Commodity Futures Trading Commission) | yes | No |
| MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | Yes |
| ASIC (Australian Securities and Investments Commission) | yes | Yes |
| IIROC (Investment Industry Regulatory Organization of Canada) | No | No |
| SFC (Securities and Futures Commission) | No | No |
🏛️Tier 2 Regulatory Authorities:
| Data | eToro | FP Markets |
|---|---|---|
| FMA (Financial Markets Authority) | No | No |
| CBR (Central Bank of Russia) | No | No |
| FSCA (Financial Sector Conduct Authority) | No | Yes |
| SEC (Securities and Exchange Commission) | Yes | No |
| DFSA (Dubai Financial Services Authority) | No | No |
| CBRC (China Banking Regulatory Commission) | No | No |
| CySEC (Cyprus Securities and Exchange Commission) | yes | Yes |
| ISA (Israel Securities Authority) | No | No |
🏛️Tier 3 Regulatory Oversight:
| Data | eToro | FP Markets |
|---|---|---|
| Offshore Regulators | No | No |
| MMA (Maldives Monetary Authority) | No | No |
| EDR (External Dispute Resolution) | No | No |
| FSA (Seychelles Financial Services Authority) | No | No |
| SCB (Securities Commission of The Bahamas) | No | No |
| FSC (Financial Services Commission, Mauritius) | No | No |
| VFSC (Vanuatu Financial Services Commission) | No | No |
| IFSC (International Financial Services Commission, Belize) | No | No |
| CIMA (Cayman Islands Monetary Authority) | No | No |
| SVG (St. Vincent & Grenadines Financial Services Authority) | No | No |
| FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | No |
| BMA (Bermuda Monetary Authority) | No | No |
| BVI (British Virgin Islands Financial Services Commission) | No | No |
Max Leverage Options:
| Data | eToro | FP Markets |
|---|---|---|
| Leverage for Non-EU Clients | 30:1 | 500:1 |
| European Leverage Limits | 30:1 | 30:1 |
| Leverage in Australia | 30:1 | 30:1 |
| US Leverage Restrictions | 1:1 | 0 |
| Canadian Leverage Rules | - | 0 |
📂Account Offerings:
| Data | eToro | FP Markets |
|---|---|---|
| Demo Account Access | Yes | Yes |
| Expiration of Demo Accounts | No | No |
| Account Currency Choices | EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY | EUR, USD |
| Standard Accounts | Yes | Yes |
| Micro-lots Accounts | Yes | Yes |
| Low-cost Account (nano lots) | No | No |
| Variable Spread Accounts | No | Yes |
| Fixed Spread Accounts | No | No |
| Zero Spread Accounts | No | No |
| ECN Accounts | No | Yes |
| Swap-Free Accounts | No | No |
| Islamic Accounts | Yes | No |
| Professional Trading Accounts | Yes | No |
| Active Trader Rewards Program | Yes | No |
💰Deposits and Withdrawals:
| Data | eToro | FP Markets |
|---|---|---|
| Minimum Deposit Requirements | Yes, $200 | 100 |
| Minimum Withdrawal Limits | Yes, $50 | No |
| Credit Card Options | Visa, Mastercard, Maestro | Yes |
| Bank Transfer Availability | yes | Yes |
| PayPal Support | Yes | Yes |
| Neteller Integration | Yes | Yes |
| Skrill Compatibility | Yes | No |
| Additional Payment Methods | Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies | Bank Transfer, Credit Card ,Neteller |
| Deposit Processing Time | Instant-24 hours | 1 business day |
| Withdrawal Processing Time | 1-2 business days | 1 business day |
Fees and Charges:
| Data | eToro | FP Markets |
|---|---|---|
| Deposit-related Fees | No | Yes |
| Commissions on Withdrawals | yes - verible by metode | No |
| Overnight/Swap Charges | Yes | Yes |
| Account Inactivity Fees | Yes | No |
| Currency Conversion Costs | Yes | Yes |
| Are bonus Programs Available? | No | No |
Security Protocols and Measures:
| Data | eToro | FP Markets |
|---|---|---|
| (2FA) available? | Yes | Yes |
| (SSL) security? | Yes | Yes |
| (AML) Policy Compliance | Yes | Yes |
| Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
| Data | eToro | FP Markets |
|---|---|---|
| Twitter Follower Counts | 340.1K | 4935 |
💹Forex Fixed Spreads:
| Data | eToro | FP Markets |
|---|---|---|
| EUR/GBP Spread Range | 2 | No |
| EUR/USD Spread Range | 1 | No |
| USD/JPY Spread Range | 1 | No |
| GBP/USD Spread Range | 2 | No |
| USD/CHF Spread Range | 1.2 | No |
| AUD/USD Spread Range | 1 | No |
| USD/CAD Spread Range | 1.8 | No |
| NZD/USD Spread Range | 2.5 | No |
Trade Execution Methods:
| Data | eToro | FP Markets |
|---|---|---|
| Direct Market Access (DMA) | No | Yes |
| Straight Through Processing (STP) | Yes | Yes |
| Electronic Communication Network (ECN) Execution | No | Yes |
| Market Maker Model | Yes | Yes |
| Non-Dealing Desk (NDD) Approach | Yes | Yes |
| First In, First Out (FIFO) Rule Application | No | No |
| 4-Digit Decimal Pricing | Yes | Yes |
| 5-Digit Decimal Pricing | Yes | Yes |
Order Types & Tools:
| Data | eToro | FP Markets |
|---|---|---|
| Stop Loss Orders | Yes | Yes |
| Take Profit Orders | Yes | Yes |
| Limit Orders | Yes | Yes |
| Fill or Kill (FOK) Orders | Yes | Yes |
| Trailing Stop Orders | Yes | Yes |
| Margin Call Alerts | Yes | Yes |
| One Cancels Other (OCO) Orders | No | No |
| Guaranteed Stop Loss Orders | No | No |
| Negative Balance Protection Measures | Yes | Yes |
| Minimum Trade Sizes | 10 | 0.01 lots |
| Maximum Trade Sizes | - | 100 lots |
Available Asset Classes:
| Data | eToro | FP Markets |
|---|---|---|
| Forex Currency Pairs | 47 | 70 |
| Cryptocurrencies | 47 | 60 |
| Commodities | 47 | 18 |
| Equities | 957 | - |
| Market Indices | 13 | 11 |
| Exchange-Traded Funds (ETFs) | 145 | No |
| Futures Contracts | - | No |
| Options Contracts | No | No |
| Bonds | No | No |
| Metals | 4 | 4 |
| Agricultural Products | 3 | No |
| Energy Resources | 2 | 3 |
| Interest Rates | No | No |
| Penny Stocks | No | No |
| Initial Public Offerings (IPOs) | No | No |
| Asset Blends | 19 | No |
| Dow Jones Index | No | No |
| FTSE 100 Index | Yes | Yes |
| DAX Index | Yes | Yes |
| Nikkei 225 Index | Yes | Yes |
| Gold Market Trading | Yes | Yes |
Special Account Features:
| Data | eToro | FP Markets |
|---|---|---|
| Multi-Account Manager (MAM) | No | Yes |
| Percentage Allocation Money Management (PAMM) | No | Yes |
| Social Trading Integration | Yes | No |
| Copy Trading Support | Yes | Yes |
| Lot Allocation Money Management (LAMM) | No | No |
Supported Trading Techniques:
| Data | eToro | FP Markets |
|---|---|---|
| Scalping Strategies | No | Yes |
| Hedging Techniques | No | Yes |
| Spread Betting Opportunities | No | No |
| Automated Expert Advisor (EA) Integration | No | Yes |
| Virtual Private Server (VPS) Options | No | Yes |
| Application Programming Interface (API) Support | No | Yes |
Trading Tools and Features:
| Data | eToro | FP Markets |
|---|---|---|
| One-Click Trade Execution | Yes | Yes |
| Signal Trading Availability | Yes | Yes |
| Price Alert Notifications | Yes | Yes |
| Number of Chart Indicators Offered | 67 | 51 |
| Number of Chart Drawing Tools Provided | 14 | 31 |
| Direct Trading From Charts | Yes | Yes |
| Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
| Data | eToro | FP Markets |
|---|---|---|
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows Mobile App | No | No |
| Mobile Trading Signal Integration | Yes | Yes |
| App for Smartwatches | No | No |
| Forex Mobile Trading | Yes | Yes |
| CFD Mobile Trading | Yes | Yes |
| Alert Notifications on Mobile Devices | Yes | Yes |
| Mobile Charting and Drawing Tools | Yes | Yes |
| Languages Supported on Mobile App | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | en, chi |
| Watchlist Feature on Mobile App | Yes | Yes |
Commodity Offerings:
| Data | eToro | FP Markets |
|---|---|---|
| Crude Oil Trading | 5 | 0.03 |
| Natural Gas Trading | 0.05 | No |
| Silver Markets | 5 | 0.01 |
| Platinum Trading | 35 | No |
| Copper Trading | 2 | No |
| Soybean Contracts | No | No |
| Corn Markets | No | No |
| Gold Markets | 45 | 0.78 |
| Lithium Markets | Yes | Yes |
Stock Trading Fees:
| Data | eToro | FP Markets |
|---|---|---|
| Apple Shares | Zero | $0-$2.50 |
| Amazon (AMZN) Shares | Zero | $0-$2.50 |
| Invidia Shares | Zero | $0-$2.50 |
| META Shares | Zero | $0-$2.50 |
| Ford Motor Co Shares | Zero | $0-$2.50 |
| Alphabet (GOOGL) Shares | Zero | $0-$2.50 |
| BP Shares | Zero | $0-$2.50 |
| Tesco Shares | Zero | $0-$2.50 |
| Barclays Shares | Zero | $0-$2.50 |
| Lloyds Shares | Zero | $0-$2.50 |
| Adobe (ADBE) Shares | Zero | $0-$2.50 |
| Microsoft (MSFT) Shares | Zero | $0-$2.50 |
| Nvidia (NVDA) Shares | Zero | $0-$2.50 |
Index Trading Fees:
| Data | eToro | FP Markets |
|---|---|---|
| FTSE 100 Fee Structure | 0.015 | 1.65 |
| S&P 500 Fee Structure | 0.0075 | 0.54 |
| Dow Jones Fee Structure | - | 3.56 |
| Nasdaq Fee Structure | 0.01 | 1.56 |
| CAC 40 Fee Structure | 0.02 | 1.96 |
| DAX 30 Fee Structure | 0.02 | 1.73 |
| Nikkei 225 Fee Structure | 0.01 | 8.74 |
| Euro Stoxx 50 Fee Structure | 0.03 | 2 |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | eToro | FP Markets |
|---|---|---|
| Bitcoin Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Ethereum Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Ripple Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Binance Coin Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Cardano Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Solana Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Polygon Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Dogecoin Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Chainlink (LINK) Fees | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Polkadot (DOT) | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
| Avalanche (AVAX) | 0.75%, 1.25%, Up to 3.5% | 0.03%, 0.06%, Up to 2% |
Available Trading Platforms:
| Data | eToro | FP Markets |
|---|---|---|
| cTrader Desktop App | No | No |
| cTrader Web Interface | No | No |
| Mirror Trader Platform | No | No |
| ZuluTrade Integration | No | No |
| MT4 Desktop Interface | No | Yes |
| MT4 Web Platform | No | Yes |
| MT5 Desktop App | No | Yes |
| MT5 Web Interface | No | Yes |
| Tradingview | No | No |
| Proprietary Desktop Software | No | Yes |
| Proprietary Web-based Platform | No | No |
| Mac-Compatible Platform Options | No | Yes |
| Sirix Trading Platform | No | No |
Education Resources:
| Data | eToro | FP Markets |
|---|---|---|
| Education Offerings | Yes | Yes |
| Webinar Offerings | Yes | Yes |
| Platform Tutorial Videos | No | Yes |
| Beginner-Level Trading Videos | Yes | Yes |
| Expert-Level Trading Videos | Yes | No |
| Tutorial guides | Yes | Yes |
| Terminology Glossary | Yes | Yes |
Customer Support Options:
| Data | eToro | FP Markets |
|---|---|---|
| Callback Request Feature | No | No |
| Email Support Availability | Yes | Yes |
| Telephone Support | No | Yes |
| Live Chat support | Yes | Yes |
| Offered Support Languages | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | en, ar, chi(t/s), de, es, fr, po, thai, ko, ind, mal, it |
Research-Tools:
| Data | eToro | FP Markets |
|---|---|---|
| In-Depth Professional Reports | Yes | Yes |
| Social Trading Features - Social Newsfeeds | Yes | No |
| Economic Event Calendar | Yes | No |
| Daily Email With Trading Ideas | Yes | Yes |
| Analysis From Trading Central (Recognia) | No | No |
| Analysis From Delkos Research | No | No |
| AutoChartist Tool | No | No |
| Trader Sentiment Metrics | Yes | No |
| Twitter-Based News Updates | Yes | Yes |
| Facebook-Based News Updates | Yes | Yes |
| Daily Market Commentary | Yes | Yes |
So, there you have it! A comprehensive, no-holds-barred comparison of eToro and FP Markets. We’ve scrutinized every facet, analyzed every feature, and presented you with an unbiased appraisal. We hope this guide helps you to make a sound and informed decision. Remember, the choice between eToro and FP Markets will ultimately depend on your personal needs, preferences, and trading style.
Frequently Asked Questions (FAQs)
1. Which platform between eToro and FP Markets is more user-friendly?
The user-friendliness of a platform can depend on the individual trader’s experience and familiarity with trading platforms. Both eToro and FP Markets have intuitive interfaces, but the choice will depend on personal preference.
2. Does eToro offer better security than FP Markets?
Both eToro and FP Markets take security seriously and have implemented numerous measures to protect user data and funds. However, specific security features may vary. We recommend reviewing each platform’s security policies to make an informed decision.
3. How do the costs compare between eToro and FP Markets?
Costs can vary depending on the specific trades, the type of account, and other factors. It’s advisable to review the fee structures of both eToro and FP Markets to find the one that best suits your trading strategy and budget.
4. Which platform, eToro or FP Markets, provides better customer support?
Customer support is a vital aspect to consider. While both platforms strive to provide excellent customer service, the level of support can depend on various factors such as response time, availability, and types of support channels available. You might want to consider these factors when deciding.
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!
Author & Expert Trader - Financial Analyst:
My name is Bart Bregman and I am a full-time professional trader with A decade of experience. I specialize in shorter-term trading using technical analysis, and I have extensive experience with Stocks, CFDs, Options, and Crypto trading. I believe that there is no such thing as a bad trade. I'm currently traveling the world as a digital nomad trader. You can follow my journey on Instagram at https://www.instagram.com/bart_bregman/
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